Colorado PEOs and The Four Areas of HR They Handle

A Colorado Professional Employer Organization (PEO) helps small business owners with the administration of payroll, benefits, human resources and workers’ compensation. These are the employee-related tasks that most small business owners did not get into business to perform, but the success of their enterprise depends on the competent administration of them.

A Colorado Professional Employer Organization (PEO) helps small business owners with the administration of payroll, benefits, human resources and workers’ compensation. These are the employee-related tasks that most small business owners did not get into business to perform, but the success of their enterprise depends on the competent administration of them.

For many Colorado business owners, the knowledge, skills, and time required to administer all of the necessary functions of employment, requires too much time and money. If it weren’t for PEOs, a small business would have to hire a full-time HR department to handle all areas of employee-related administration.

There are four areas that Colorado PEOs, such as StaffScapes handle. If your business struggles with any one of these areas, it may be time to consider hiring a PEO.

Benefits Administration

Healthcare is a major concern for employees, and offering a comprehensive healthcare plan is a benefit you can use to attract and retain talent. A PEO allows clients to establish a group medical plan custom to their company. The PEO will provide you with multiple plans to choose from along with assisting in the enrollment administration process. Health insurance is just one benefit. The best Colorado PEOs offer several types of benefits including but not limited to 401K’s, IRAs, life insurance, short and long-term disability, flexible spending accounts (FSAs) and health spending accounts (HSAs), vision, and dental.

Payroll Administration

Colorado business owners can eliminate all the payroll tasks from their to-do list including payroll preparation and distribution, direct deposits, vacation and sick leave tracking, federal, state, and local withholdings and paperwork. Tax reporting, deposits and compliance including W2s, W4s, FICA, etc. are some of the most difficult payroll tasks to manage, but with a PEO, those concerns are no longer on your plate.

Human Resources Administration

With so many government and employment regulations to comply with, employee-driven issues to address, there is no shortage of HR demands on your business. Having a full-time HR department is costly, but when transferring to a PEO, your HR department is included within your pricing and helps alleviate those HR headaches and nightmares. The HR administration services can include everything from background checks to training new employees to keeping your business compliant with new rules and regulations. PEOs can draft and distribute employment policies and handbooks and design employee recognition programs. FLSA, ADA, EEOC and ACA audit compliances are a snap when a PEO is handling them. Human resources administration is hard. A PEO makes it easy.

Workers’ Compensation Administration

Without a PEO to manage claims, a small company could be driven out of business if their Workers’ Compensation rates become too expensive. A good PEO expertly manages claims to keep the business competitive. Workers’ Compensation administration services often include accident documentation, billing reconciliation, claims review, safety audits, OSHA compliance, NCCI mod rate reviews, annual cost reviews, and more.

When you’re looking for a Colorado PEO, compare your business’ needs in each of these areas to the specific services offered. You’ll be able to evaluate the value of the PEO for your business without much trouble.

Would you like to discuss your benefits, payroll, human resources or workers’ compensation administration? We’ll be happy to answer any questions you may have. Contact us for a free consultation. StaffScapes goal is to increase your profitability, maximize employee productivity, reduce the time spent in transactional HR, activities, reduce employee-related liability and ultimately lower labor cost.